$MON - By Request Posted on Sept. 6, 2013, 7 p.m.
Find it here:
http://www.marketfy.com/product/create-income-with-options-spreads/blog/350/view/30731/
This is a stock that I used trade via credit spreads but last year I dropped it off my watchlist for many reasons. So I will leave the Fundamental argument up to you and you can layer them onto what come next.
Since I don't track Monsanto I will evaluate it's price action with my trusted Crayon Analysis (keeping it simple gives me clarity).
*** Bad candle today:
http://www.marketfy.com/product/create-income-with-options-spreads/blog/350/view/30731/
This is a stock that I used trade via credit spreads but last year I dropped it off my watchlist for many reasons. So I will leave the Fundamental argument up to you and you can layer them onto what come next.
Since I don't track Monsanto I will evaluate it's price action with my trusted Crayon Analysis (keeping it simple gives me clarity).
- Good news: It recently looked like it was headed to break out of a descending channel.
- Bad news: today it hit the roof of the channel and failed in a big way. Look at the ugly last red candle from today.
- Conclusion: If someone held a gun to my head and made me choose then I would say it can see 95 before 102 going into earnings.
*** Bad candle today:
